Kortright Capital Partners Lp Lowers stake in Builders FirstSource (BLDR)

Builders FirstSource (BLDR) : Kortright Capital Partners Lp reduced its stake in Builders FirstSource by 3.39% during the most recent quarter end. The investment management company now holds a total of 711,945 shares of Builders FirstSource which is valued at $8 Million after selling 25,000 shares in Builders FirstSource , the firm said in a disclosure report filed with the SEC on May 13, 2016.Builders FirstSource makes up approximately 12.76% of Kortright Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Spitfire Capital added BLDR to its portfolio by purchasing 525,941 company shares during the most recent quarter which is valued at $5.9 Million. Builders FirstSource makes up approx 2.76% of Spitfire Capital’s portfolio.New Generation Advisors boosted its stake in BLDR in the latest quarter, The investment management firm added 133,000 additional shares and now holds a total of 512,582 shares of Builders FirstSource which is valued at $5.8 Million. Builders FirstSource makes up approx 3.60% of New Generation Advisors’s portfolio.Mcclain Value Management reduced its stake in BLDR by selling 230,989 shares or 41.76% in the most recent quarter. The Hedge Fund company now holds 322,140 shares of BLDR which is valued at $3.5 Million. Builders FirstSource makes up approx 2.85% of Mcclain Value Management’s portfolio. First Mercantile Trust Co added BLDR to its portfolio by purchasing 6,310 company shares during the most recent quarter which is valued at $69,978. Builders FirstSource makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Vnbtrust National Association reduced its stake in BLDR by selling 100 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 92,425 shares of BLDR which is valued at $1 Million. Builders FirstSource makes up approx 0.60% of Vnbtrust National Association’s portfolio.

Builders FirstSource closed down -0.07 points or -0.59% at $11.88 with 20,42,808 shares getting traded on Wednesday. Post opening the session at $12.03, the shares hit an intraday low of $11.8 and an intraday high of $12.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Builders FirstSource reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.13. The company had revenue of $1397.10 million for the quarter, compared to analysts expectations of $1360.35 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.

Many Wall Street Analysts have commented on Builders FirstSource. Sun Trust Rbsn Humphrey Initiated Builders FirstSource on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $19 .

Builders FirstSource Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components Windows & Doors Lumber & Lumber Sheet Goods Millwork and Other Building Products & Services. The Company’s Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing assembly and distribution of windows and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim columns and posts as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products including hardware composite materials roofing and insulation.

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